If this turning point comes, the U.S. may soon see the fortunes of middle- and lower-class workers rising.» Read More
Another lackluster quarter of economic growth is likely to have the same impact on the market as its predecessors — which is to say, not much.
The flaccid GDP report may stem from deficit-cutting moves, including a 2 percent payroll tax hike that kicked in Jan. 1 and ongoing budget cuts. NBC News reports.
Macro factors in the U.S. and Europe are creating a challenging environment for retailers said McDonald's President and CEO Don Thompson.
US consumer sentiment weakened in April as Americans remained concerned about their employment and financial prospects, a survey released on Friday showed.
Economic growth regained speed, but not as much as expected, which could heighten fears the weakening economy could struggle with spending cuts and higher taxes.
Even as new numbers show the overall employment picture improving, new college graduates may not be so lucky when it comes to finding work.
Economists Carmen Reinhart and Kenneth Rogoff revealed they have received "hate-filled" and "threatening" emails since their influential research on austerity was exposed as containing a error last week.
While smaller builders are taking the brunt of the price increases, the big public builders may actually be taking advantage of them.
The United States holds the potential to rival growth in emerging economies, said Gary Cohn, President and Co-COO of Goldman Sachs.
While talk around Fed policy has focused on tapering off its easing measures, a weakening economy likely will lead to more aggressive measures.
The number of Americans filing new claims for unemployment benefits fell last week, offering reassurance that the bottom is not falling out of the labor market.
As the U.S. produces more of its own energy, pressure is mounting on the federal government to move quickly to export its natural gas bounty.
Confidence in the U.S. job market has rebounded to roughly a normal level since the Great Recession, a trend that could help boost the economy.
The Obama administration on Wednesday backed a plan that would temporarily eliminate spending cuts disrupting U.S. air travel, while lawmakers in Washington scrambled to avoid blame.
Janet Yellen is seen as a logical candidate to succeed the Federal Reserve chief Ben Bernanke, but critics remain wary of her stance on inflation.
U.K. GDP grew 0.3 percent in the first quarter of 2013 but analysts warned that the economy will struggle in the months ahead.
The U.K. economy grew more than expected in the first quarter and George Osborne pointed to signs of healing. But three charts show why the U.K.'s austerity plan is so controversial and why many argue it isn't working.
Italy's political deadlock may be over after the country's President nominated center-left politician Enrico Letta as prime minister on Wednesday. He has already signaled that Italy could now turn away from austerity.
The Bank of Japan meets on Friday for the first time after it made a radical shift in policy earlier this month and markets are now watching for central bank governor Harukiko Kuroda's next move.
A surprise drop in gasoline supplies sent oil and gasoline futures higher, but pump prices are likely to head lower.
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